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Dec 31, 2024
LMFA Q4 2024 Earnings Report
LM Funding reported a return to profitability in Q4 2024 driven by gains in Bitcoin valuation and cost controls.
Key Takeaways
LM Funding achieved net income of $2.0 million in Q4 2024, a strong turnaround from a $1.6 million loss in Q4 2023. The company generated $2.0 million in revenue mainly from Bitcoin mining and improved operational efficiency, resulting in Core EBITDA of $3.3 million.
Generated $2.0 million in total revenue for Q4 2024.
Achieved net income of $2.0 million compared to a $1.6 million loss in Q4 2023.
Core EBITDA reached $3.3 million versus $0.3 million the prior year.
Held 150.2 Bitcoin valued at $14.0 million as of December 31, 2024.
Revenue by Segment
Forward Guidance
LM Funding aims to increase mining efficiency and margins by leveraging vertically integrated infrastructure and strategic site acquisitions.
Positive Outlook
- Transition to vertically integrated mining model
- Low-cost electricity secured at new Oklahoma facility
- Mining fleet upgrade with LuxOS to improve efficiency
- Lean operations and disciplined capital deployment
- Growth in Bitcoin holdings enhancing balance sheet
Challenges Ahead
- Impact of April 2024 Bitcoin halving on revenue
- Continued reliance on volatile cryptocurrency market
- High depreciation and impairment charges
- Negative free cash flow in the quarter
- Unrealized losses on investment and equity securities
Historical Earnings Impact
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Avg. Return Before/After Earnings
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